The tanks do affect the compass, but so does your location in the world.
Unless you're so particular about your navigation that you're already making adjustments for magnetic variation, you shouldn't have to worry about it much... it'll still be accurate/consistant enough for ballpark navigation in close proximity. You won't have a 100% accurate reading, but you're probably off by quite a bit already without knowing it. If you look at the compass rose on a nautical chart for your area, it should give the magnetic variation in degrees and the annual adjustment that should be factored in. Any good boating navigation text should be able to explain how to use it. Unless you're planning to cover significant distance (on the order of miles) during your dive though, you shouldn't need to worry about that, or about the deviation caused by your gear.
In any case, the tanks shouldn't be making the compass needle point to your back, spin wildly, or anything like that.